Corient Private Wealth LLC Reduces Position in Invesco QQQ (NASDAQ:QQQ)

Corient Private Wealth LLC cut its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,655 shares of the exchange traded fund's stock after selling 5,594 shares during the period. Corient Private Wealth LLC owned approximately 0.05% of Invesco QQQ worth $165,462,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. PayPay Securities Corp boosted its position in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after buying an additional 36 shares during the last quarter. Roxbury Financial LLC purchased a new position in Invesco QQQ in the fourth quarter worth about $37,000. Hoese & Co LLP boosted its position in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the fourth quarter worth about $51,000. Finally, Legacy Bridge LLC boosted its position in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after purchasing an additional 45 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $479.66 on Friday. The stock has a market capitalization of $302.59 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11. The stock's 50-day simple moving average is $514.89 and its two-hundred day simple moving average is $503.85. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81.

Invesco QQQ Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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